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Investec lends on McLaren/PMG Cardiff student homes scheme

McLaren Property Holdings, the UK focused real estate developer and investor, and PMG Group, the Welsh property developer, have secured development and investment finance for Investec for their 355 bed Cardiff University student accommodation scheme.
CoStar News
July 15, 2016 | 12:46 P.M.

Investec Bank’s Structured Property Finance team will provide the debt, as part of a £23.2m stretch senior debt facility, which will fund the scheme through to completion, targeting the start of the 2017/18 academic year. It will be the fifth time the two companies have worked together and their second student accommodation project.

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